Jerry Pavlas has been appointed chief operating officer of Southwest Securities FSB, a Dallas-based residential construction and mortgage warehouse lender. Before joining Southwest Securities, Mr. Pavlas was chief executive officer of Presidential Finance Co. in Atlanta. He served as president and COO of First State Bank of Texas, part of the Pohlad Banking Group, from 1998 to 2002, and as a senior banker with Hibernia Corp. from 1990 to 1998. Southwest Securities, the subsidiary bank of SWS Group Inc., can be found online at http://www.swsgroupinc.com.
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About 43% of Americans upgraded their homes last year, and 33% plan to remodel in the next year, according to a recent survey from Redfin.
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Sun Belt states saw a noticeable surge in liens filed last year, with Florida accounting for 17% of the national total, according to Benutech.
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CEO Tim Spence said folding in the acquired bank has gone to plan so far, but the biggest point of risk is still on the horizon.
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Surge, which claims to serve some of the nation's larger wholesale players, said the lender's behavior was reminiscent of its spat with Black Knight.
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Questions about the single-report option and whether VantageScore should be introduced before FICO 10T arose during a hearing on broader legislative proposals.
April 17 -
SecurityNational Mortgage Co. alleges that the larger competitor facilitated the mass resignation of its staff from Glendale and Scottsdale offices.
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